Post Reply
961-980 of 1578
Today, this elephant will surely move..... cheers to those vested! 
Singapore Press Holdings rated buy
DBS Vickers Securities | Singapore Press Holdings
by The Edge
Friday, 25 Sep 2009
DBS Vickers Securities in a Sept 25 research report says: "Our conservative expectations of a final + special dividend
of 13 cents per share could surprise on the upside when the company announces its FY2009 results on Oct 12.
"Assuming a payout of 76% of operating profits, the final dividend could be 17 cents, bringing full year to 24 cents vs
DBSV current forecast of 20 cents, as SPH has historically paid out around and above 80% of operating profits since
FY2002. This equates to an immediate yield of 3.5% - 4.5% before the year’s end.
We revised our FY2010F earnings up by 10% on a better ad revenues growth rate (+4%, vs +2% previously) along with
our economist’s revision of 2010 GDP to 5.2%, as well as adjustment of profit recognition to its property development project,
Sky@Eleven, towards FY2010F.
Our sum-of-parts target price is raised to $4.21 as we revised up our FY2010F earnings. BUY"
$4.50 by end of the year.
What else to say...both results & div beat market's expectation. This 
is going strong!
is going strong!
| Corporate Action details (e.g. Rights ratio, dividend ratio, tax rate, etc) * | 18 cents |
| Record Date * | 11-12-2009 |
| Record Time * | 17:00 |
| Date Paid/Payable (if applicable) | 23-12-2009 |
Old man cheong ah!!!
sure got chance, xd loh.
wongmx6 ( Date: 08-Oct-2009 00:39) Posted:
|
Because 2 months ago i sold it at price of 3.62 and i'm not willing to buy back at higher price than that.
I sold it because I thought of Correction was coming......
williamyeo ( Date: 06-Oct-2009 21:56) Posted:
|
This year dividend may not as great as last year, but it should be still good. Now already 3.85, run run liao.
Since it is better than CPF returns and what are you waiting ?
wongmx6 ( Date: 06-Oct-2009 21:43) Posted:
|
Ya loh, yesterday i just checked the Div of SPH for the past few years. it was about 25 Cents with the share price of 3.70.
It work out for about yields of 7 %. Very good ler....
But i'm still waiting....
chew8888 ( Date: 06-Oct-2009 21:29) Posted:
|
Will buy some tomorrow. Dividend twice a year
Just mentioned about this stock last night, today went up 10 cents.,..
This is quite a steady stock. Trend up since 6 months back. Expected this quarter's result better than last quarter. But current $3.7 might have priced in this. Expecting good dividends however.
Oct 12 results and good dividend coming year end
Tp $4+.
Comments from CS:
Credit Suisse likes UOB and SPH too. “We maintain our view that SPH is a key beneficiary of a pick-up in private consumption in Singapore. However, the stock continues to trade at a substantial 18% P/E discount to the market, versus a 10- year average premium of 28%. Our sum-of-the-parts-based target price of $4.41 represents 20% potential upside from current levels,” it says.
Hmm....its tp is more reasonable as compared, it could hit should STI rise above 3000pts.
Dun forget the FY09 result is around the corner with generous dividends to be announced, thus, more $$ to buy tonic...keke.
old man seems to be taking tonic these days.
Last year's dividend was 27 cents; it was 26 cents in 2007.
At current price of $3.70 the yield is about 7% which is very much better than what the bank is paying for fixed deposit (I think about 0.5% p.a.).
However, one should consider the effect of internet on SPH and how long it could maintain such rate of dividend in future. Read that some western press companies had folded. Even without competitors in Singapore, I noticed that recently SPH even had to resort to marketing tactic like "2 papers for price of 1" for its evening papers.
Unless Tony Tan and his team could come out with something exciting, I have doubt whether SPH could break the $5 mark.